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Family Dollar 50 Central Ave 9,228 SF Retail Building Lynn, MA 01901 $2,428,000 ($263.11/SF) 7.25% Cap Rate

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EXECUTIVE SUMMARY

Atlantic Capital Partners is pleased to offer a freestanding Family Dollar located at 50 Central Avenue in Lynn, Massachusetts. Built in 2014, the 9,180 SF property is operated under a double net lease, with landlord responsibilities limited to roof and structure. The tenant has already exercised its first renewal option, extending the lease through March 2029, showing their commitment to this location. The property currently generates an annual rent of $176,000.
Positioned in a dense urban trade area just 10 miles north of Boston, the property benefits from strong demographics with more than 105,000 residents within
a five-mile radius. With traffic counts of nearly 20,000 vehicles per day and scheduled rent growth of 10% at each five-year option period, the asset offers investors a stable, long-term cash flow opportunity in a high-barrier Greater Boston market, while also providing attractive future redevelopment potential for higher and better use.

Lynn MA - Family Dollar OM - compressed

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,228 SF

Building Class

Year Built

2014

Price

$2,428,000

Price Per SF

$263.11

Cap Rate

7.25%

NOI

$176,030

Tenancy

Single

Building Height

1 Story

Building FAR

0.38

Lot Size

0.56 AC

Opportunity Zone

Yes

Zoning

CBD

Parking

27 Spaces (2.93 Spaces per 1,000 SF Leased)

Frontage

106’ on Central Ave

Bus Line
Commuter Rail

Corner Lot

Pylon Sign

Signage

MAJOR TENANTS

Retailer
-
$17.34
Triple Net
Mar 2024

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.